Essay
A good's Demand Curve is QD = 50 - 2P,and its Supply Curve is QS = 40 + P.
a.When P = $10,what is the difference,if any,between QD and QS?
b.When P = $2,what is the difference,if any,between QD and QS?
c.What are the equilibrium values of P and Q?
Correct Answer:
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a.QD = 30 and QS = 50 ...View Answer
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Correct Answer:
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